Special forces training, dogs and six-figure salaries — how law firms are trying to keep staff happy

Resilience training from former soldiers, dogs in the office and £160,000 salaries for juniors are just some of the ways London law firms are trying to keep their staff happy during a challenging period for morale. Salaries have spiralled in the sector since 2020, with pay topping £160,000 for newly qualified lawyers at some US … Read more

Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers

Wages for the median workers at the majority of big American companies are higher than they were before the pandemic, with the tight job market helping to lift paydays for many bank tellers, factory workers and software programmers. Compensation in 2021 for the median worker at 275 companies in the S&P 500 index was higher … Read more

New York City Companies Prepare to Put Pay Ranges on Job Listings

New York City employers are hustling to figure out what to do about impending salary-disclosure rules, while hoping for a delay. A sweeping pay-disclosure law requiring nearly all companies operating in the city to include pay ranges on job postings is set to take effect in under a month. With the deadline approaching, employers have … Read more

City workers moving jobs see 22% salary bump as competition for talent intensifies

City workers changing jobs in the first quarter of the year have received a typical salary bump of 22% amid a fierce battle for talent across financial services. This is “indicative of the short supply of candidates available within the London financial services markets,” said Hakan Enver, managing director at recruitment firm Morgan McKinley UK. “The … Read more

Barclays’ female bonus gap widens to 70% in sign banking is worst for women

The gender pay gap at Barclays widened in 2021, despite increasing the number of women in its senior ranks, as the UK lender increased bonuses for dealmakers and traders amid a surge in profit. Women at Barclays Bank Plc in the UK, which houses its corporate and investment bank, had an average pay gap of … Read more

Milbank bumps first-year pay to $215,000, outflanking Magic Circle in talent war

US law firm Milbank hiked pay for its junior lawyers to $215,000, heating up the war for talent in the legal sector. The firm  boosted pay by $10,000 for its more junior lawyers and by $20,000 for its mid-level and senior associates, according to a memo seen by Financial News. The pay rise applies to … Read more